Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) declared a quarterly dividend on Monday, April 28th, Wall Street Journal reports. Stockholders of record on Friday, May 9th will be given a dividend of 0.18 per share by the financial services provider on Friday, May 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, May 9th.
Oppenheimer has increased its dividend by an average of 6.9% per year over the last three years.
Oppenheimer Stock Up 2.1 %
OPY traded up $1.26 during trading hours on Friday, reaching $61.26. 36,934 shares of the stock traded hands, compared to its average volume of 35,967. Oppenheimer has a fifty-two week low of $40.83 and a fifty-two week high of $73.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80. The company has a market cap of $644.76 million, a price-to-earnings ratio of 9.62 and a beta of 1.10. The firm's fifty day simple moving average is $58.87 and its two-hundred day simple moving average is $61.50.
Oppenheimer (NYSE:OPY - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. The business had revenue of $367.83 million for the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Oppenheimer from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd.
Read Our Latest Stock Report on Oppenheimer
About Oppenheimer
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Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.
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